Need to Know: Insurance – May 2017

06 Jun Need to Know: Insurance – May 2017

It’s time for another edition of our “Need to Know” series, where we rotate between our focus areas of Insurance and Employee Benefits. This month, our focus is on Individual Insurance:

Bill S-201, also known as the Genetic Non-Discrimination Act (GDNA), was passed into law on May 4. Here’s our brief explainer of the new legislation.

Because the new law prevents insurers from asking applicants to undergo genetic testing or disclose genetic test results, the industry may respond by issuing shorter terms and raising premiums. (via Advisor.ca)

Need to know more about how the anti-genetic discrimination bill could affect your future insurance policies? Contact us today at info@vitalpartnersinc.com. Have any resources on Bill S-201 that you would like to share with us? Tweet them to us @vital_partners.